Official Result (MOF)
| Auction Date | 1988-05-10 |
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| Issue Date | 1988-05-20 |
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| Issue | JGB (4-Year) No. 24（new） |
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| Coupon (%) | 3.7% |
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| Maturity | 1992-05-20 |
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| Method | price conventional |
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| Offering | ¥250B |
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| Competitive Bids | ¥323.8B |
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| Accepted Amount | ¥250.9B |
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| Lowest Accepted Price | 98.72（4.071%） |
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| Weighted Avg Price | 98.99（3.990%） |
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| Allotment Ratio | — |
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| Non-competitive I | — |
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| Non-competitive II | — |
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Source: https://www.mof.go.jp/jgbs/reference/appendix/jgb_historical_data.xls
Derived Metrics calc auction-v1 / auction-v2
| This | Prev | avg (12) | min | max | z |
|---|
| Bid/Cover | 1.29 | 1.88 | 1.99 | 1.12 | 4.95 | -0.74 |
| Tail (sen) | 27 | 9 | 12 | 4 | 27 | +2.39 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | E (score -1.56) | (z(B/C) − z(tail))/2 bucketed A(≥1)/B(≥0.3)/C/D(≤−0.3)/E(≤−1), vs last 12 same-tenor |
| Yield tail (bp) | 8.1 | 2.9 |
Same-tenor Auction History